Kalyani Commercials Ltd.
•₹ 138.090%
2026-08-21
PROS
- Company converts assets efficiently - asset turnover of 5.9x
CONS
- Company has a high debt-to-equity of 4.11x
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (61.1% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -4.04x)
- Interest coverage is weak at 1.5x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | CARTRADE | 2779.60 | 58.09 | 13439.79 | 0.00 | 56.75 | 20.59 | 201.16 | 16.25 | 8.41 | 31.31 |
| 2. | LANDMARK | 510.20 | 47.07 | 2115.54 | 0.29 | 14.55 | 97.47 | 1302.36 | 22.66 | 9.19 | 5.53 |
| 3. | PVSL | 114.60 | 0.00 | 815.93 | 0.00 | 1.37 | 115.59 | 1889.58 | 44.14 | 7.90 | 3.07 |
| 4. | COMPEAU | 350.60 | 9.94 | 215.48 | 0.29 | 3.79 | 41.42 | 658.99 | 48.23 | 9.54 | 3.37 |
| 5. | KALYANI | 138.09 | 6.03 | 13.81 | 0.00 | -2.48 | -126.02 | 910.89 | 20.12 | 11.89 | -0.41 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2025 | Jun 2026 | |
|---|---|---|
| 95 | 849 | |
| 95 | 849 | |
| Operating Profit | — | — |
| OPM % | — | — |
| Other Income | 0 | 5 |
| Interest | 1 | 20 |
| Depreciation | 0 | 1 |
| 1 | 6 | |
| Tax % | 25.18% | 25.32% |
| Net Profit | 1 | 4 |
| 1 | 4 | |
| Equity Capital | 1 | 10 |
| Reserves | 1 | 219 |
| Promoter Pledge % | 0.00% | 0.00% |
| Equity Capital | 1 | 10 |
| Reserves | 1 | 219 |
| Promoter Pledge % | 0.00% | 0.00% |
Jun 2025
- 95
- 95
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 25.18%
- Net Profit
- 1
- 1
- Equity Capital
- 1
- Reserves
- 1
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1
- Reserves
- 1
- Promoter Pledge %
- 0.00%
Jun 2026
- 849
- 849
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 20
- Depreciation
- 1
- 6
- Tax %
- 25.32%
- Net Profit
- 4
- 4
- Equity Capital
- 10
- Reserves
- 219
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 219
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 278 | 387 | 587 | |
| 272 | 380 | 578 | |
| Operating Profit | 7 | 9 | 11 |
| OPM % | 3 | 2 | 2 |
| Other Income | 1 | 2 | 2 |
| Interest | 3 | 5 | 7 |
| Depreciation | 0 | 0 | 0 |
| 3 | 3 | 4 | |
| Tax % | 28 | 31 | 26 |
| Net Profit | 2 | 2 | 3 |
| EPS | 24 | 23 | 27 |
| Dividend Payout % | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 24 | 23 | 27 |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 24 | 23 | 27 |
Mar 2024
- 278
- 272
- Operating Profit
- 7
- OPM %
- 3
- Other Income
- 1
- Interest
- 3
- Depreciation
- 0
- 3
- Tax %
- 28
- Net Profit
- 2
- EPS
- 24
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
Mar 2025
- 387
- 380
- Operating Profit
- 9
- OPM %
- 2
- Other Income
- 2
- Interest
- 5
- Depreciation
- 0
- 3
- Tax %
- 31
- Net Profit
- 2
- EPS
- 23
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
Mar 2026
- 587
- 578
- Operating Profit
- 11
- OPM %
- 2
- Other Income
- 2
- Interest
- 7
- Depreciation
- 0
- 4
- Tax %
- 26
- Net Profit
- 3
- EPS
- 27
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 5%
- 1 Year:
- 16%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 13%
- Last Year:
- 13%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| LIABILITIES | - | - | - |
| Equity Capital | 1 | 1 | 1 |
| 17 | 19 | 21 | |
| 23 | 52 | 90 | |
| Trade Payables | 4 | 2 | 1 |
| 4 | 4 | 9 | |
| Total Liabilities | 48 | 77 | 123 |
| ASSETS | - | - | - |
| 2 | 2 | 2 | |
| 2 | 2 | 2 | |
| 21 | 31 | 56 | |
| 19 | 29 | 34 | |
| Cash & Bank | 1 | 0 | 5 |
| 3 | 12 | 24 | |
| Total Assets | 48 | 77 | 123 |
| Total Debt | 23 | 52 | 92 |
| Net Working Capital | 12 | 15 | 20 |
| Contingent Liabilities | 80 | 101 | 77 |
| Book Value per Share | 175.37 | 199.43 | 224.65 |
| Face Value | 10.00 | 10.00 | 10.00 |
| Total Debt | 23 | 52 | 92 |
| Net Working Capital | 12 | 15 | 20 |
| Contingent Liabilities | 80 | 101 | 77 |
| Book Value per Share | 175.37 | 199.43 | 224.65 |
| Face Value | 10.00 | 10.00 | 10.00 |
Mar 2024
- Equity Capital
- 1
- 17
- 23
- Trade Payables
- 4
- 4
- Total Liabilities
- 48
- 2
- 2
- 21
- 19
- Cash & Bank
- 1
- 3
- Total Assets
- 48
- Total Debt
- 23
- Net Working Capital
- 12
- Contingent Liabilities
- 80
- Book Value per Share
- 175.37
- Face Value
- 10.00
- Total Debt
- 23
- Net Working Capital
- 12
- Contingent Liabilities
- 80
- Book Value per Share
- 175.37
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 1
- 19
- 52
- Trade Payables
- 2
- 4
- Total Liabilities
- 77
- 2
- 2
- 31
- 29
- Cash & Bank
- 0
- 12
- Total Assets
- 77
- Total Debt
- 52
- Net Working Capital
- 15
- Contingent Liabilities
- 101
- Book Value per Share
- 199.43
- Face Value
- 10.00
- Total Debt
- 52
- Net Working Capital
- 15
- Contingent Liabilities
- 101
- Book Value per Share
- 199.43
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 1
- 21
- 90
- Trade Payables
- 1
- 9
- Total Liabilities
- 123
- 2
- 2
- 56
- 34
- Cash & Bank
- 5
- 24
- Total Assets
- 123
- Total Debt
- 92
- Net Working Capital
- 20
- Contingent Liabilities
- 77
- Book Value per Share
- 224.65
- Face Value
- 10.00
- Total Debt
- 92
- Net Working Capital
- 20
- Contingent Liabilities
- 77
- Book Value per Share
- 224.65
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 25 | -25 | -29 | |
| Cash from Investing | 0 | 0 | 1 |
| Cash from Financing | -24 | 24 | 33 |
| 1 | -1 | 4 | |
| Free Cash Flow | 25 | -25 | -30 |
| OCF / Net Profit | 10.40 | -10.69 | -11.01 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
| OCF / Net Profit | 10.40 | -10.69 | -11.01 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
Mar 2024
- 25
- Cash from Investing
- 0
- Cash from Financing
- -24
- 1
- Free Cash Flow
- 25
- OCF / Net Profit
- 10.40
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 10.40
- Cumulative 5-Year FCF
- 0
Mar 2025
- -25
- Cash from Investing
- 0
- Cash from Financing
- 24
- -1
- Free Cash Flow
- -25
- OCF / Net Profit
- -10.69
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -10.69
- Cumulative 5-Year FCF
- 0
Mar 2026
- -29
- Cash from Investing
- 1
- Cash from Financing
- 33
- 4
- Free Cash Flow
- -30
- OCF / Net Profit
- -11.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -11.01
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| PER SHARE | - | - | - |
| EPS (₹) | 23.63 | 23.32 | 26.72 |
| Book Value (₹) | 175.37 | 199.43 | 224.65 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 28.22 | 26.16 | 29.91 |
| PROFITABILITY | - | - | - |
| Operating Margin % | 2.14% | 1.81% | 1.57% |
| Net Margin % | 0.85% | 0.60% | 0.46% |
| ROE % | 14.38% | 12.45% | 12.60% |
| ROCE % | 13.44% | 14.61% | 11.89% |
| 4.20% | 3.74% | 2.67% | |
| EFFICIENCY | - | - | - |
| Debtor Days | 36 | 23 | 20 |
| Inventory Days | 27 | 24 | 27 |
| Payable Days | 4 | 3 | 1 |
| 59 | 44 | 46 | |
| FINANCIAL HEALTH | - | - | - |
| Debt to Equity (x) | 1.34x | 2.60x | 4.11x |
| Interest Coverage (x) | 1.94x | 1.69x | 1.48x |
| 1.42x | 1.27x | 1.20x | |
| GROWTH | - | - | - |
| Revenue Growth % | -16.27% | 39.34% | 51.61% |
| Operating Profit Growth % | -8.62% | 17.92% | 33.85% |
| Net Profit Growth % | -25.04% | -1.30% | 14.55% |
| -25.04% | -1.30% | 14.55% | |
| VALUATION | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% |
| 3.24x | 6.17x | 7.77x |
Mar 2024
- EPS (₹)
- 23.63
- Book Value (₹)
- 175.37
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 28.22
- Operating Margin %
- 2.14%
- Net Margin %
- 0.85%
- ROE %
- 14.38%
- ROCE %
- 13.44%
- 4.20%
- Debtor Days
- 36
- Inventory Days
- 27
- Payable Days
- 4
- 59
- Debt to Equity (x)
- 1.34x
- Interest Coverage (x)
- 1.94x
- 1.42x
- Revenue Growth %
- -16.27%
- Operating Profit Growth %
- -8.62%
- Net Profit Growth %
- -25.04%
- -25.04%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 3.24x
Mar 2025
- EPS (₹)
- 23.32
- Book Value (₹)
- 199.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 26.16
- Operating Margin %
- 1.81%
- Net Margin %
- 0.60%
- ROE %
- 12.45%
- ROCE %
- 14.61%
- 3.74%
- Debtor Days
- 23
- Inventory Days
- 24
- Payable Days
- 3
- 44
- Debt to Equity (x)
- 2.60x
- Interest Coverage (x)
- 1.69x
- 1.27x
- Revenue Growth %
- 39.34%
- Operating Profit Growth %
- 17.92%
- Net Profit Growth %
- -1.30%
- -1.30%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 6.17x
Mar 2026
- EPS (₹)
- 26.72
- Book Value (₹)
- 224.65
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 29.91
- Operating Margin %
- 1.57%
- Net Margin %
- 0.46%
- ROE %
- 12.60%
- ROCE %
- 11.89%
- 2.67%
- Debtor Days
- 20
- Inventory Days
- 27
- Payable Days
- 1
- 46
- Debt to Equity (x)
- 4.11x
- Interest Coverage (x)
- 1.48x
- 1.20x
- Revenue Growth %
- 51.61%
- Operating Profit Growth %
- 33.85%
- Net Profit Growth %
- 14.55%
- 14.55%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 7.77x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-18 - Kalyani Commercials Limited has informed the Exchange about Copy of Newspaper Publication
- Shareholders meeting
2026-08-17 - Kalyani Commercials Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 08, 2026
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.